Professor C. Justin Robinson, Principal of the UWI Five Islands Campus, has warned of unfavorable repercussions for Antigua and Barbuda and the wider Caribbean from U.S. President-elect Donald Trump’s proposed tariffs on China, Mexico, and Canada.
These tariffs, targeting the U.S.’s key trading partners, could significantly impact regional economies.
Robinson explained that Antigua and Barbuda, reliant on goods tied to supply chains involving these nations, may face rising prices for imports like electronics and consumer goods. For instance, a $1,000 smartphone could see a $250 increase if tariffs are fully passed on to consumers.
Beyond higher import costs, Robinson cautioned that reduced disposable income for American consumers could slow economic growth and dampen demand for Caribbean services. He also noted the risk of retaliatory tariffs, which could disrupt global trade further.
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This man cannot be human
Obvuously, when the USA sneeze we in the caribbean catch the cold. Any increase in prices in the US will definitely see a super incease in prices in Antigua and Barbuda. The time is now for our farmers to significantly increase agricultural production to counter inflation.
It’s time for us to do 3 things:
1– Produce goods of our own.
2– Support more Caribbean countries with the goods they produce and manufacture, including Dominican Republic, Cuba.
3– Look for other places to import from internationally, such as Latin and South America.
We don’t need to be a slave to buy everything from the US! Even if we manufactured goods, hardly likely would they buy from us as they love to emphasize supporting their own! Let’s support our own too!
I’ve traveled to Jamaica, Guyana and Trinidad, and I tell you, these three Caribbean countries manufacture pleeenty goods! I often wonder why is it that we do not see more of their goods in the other islands. Dominican Republic manufacturers a lot too, as well as other countries close to the Caribbean such as Brazil and Columbia and the list goes on. We need to stop making the US our one and only shop. There are option out there… better options too.
But Trumpers were insistent that he would decrease cost of living, despite the evidence otherwise.
The Caribbean Islands should try to organize imports direct from China etc, instead of through the US. The world should isolate the US.
I am in total agreement with your statement.
Exactly
this will not be that way. because the whole aim to have jobs brought back to the us. if it does increase it will be a short term. when we were purchasing good made in the us the quality was better even if the price was a little bit more. quality over quantity. as a caribbean region we need to address our production / factories to create more jobs in return more money staying in the region
We also pay insurance, shipping and import duties on that increase.